Moody’s acquires Praedicat

Moody’s Corporation, which offers credit ratings, research, and data to investors and organizations, has acquired Praedicat, a provider of casualty insurance analytics. The acquisition adds comprehensive casualty and liability modeling to Moody’s range of solutions for the insurance industry, further enhancing its overall risk assessment strategy.

Praedicat’s models and predictive analytics help insurers and reinsurers navigate risks associated with catastrophic events, including product and environmental liabilities. Moody’s will integrate Praedicat’s capabilities into its existing suite of insurance solutions, providing casualty insurance industry customers with a holistic approach to understanding their risk exposure.

Founded in 2012, Praedicat publicly disclosed $18 million in funding. The terms of the transaction were not disclosed. The transaction will not have a material impact on Moody’s 2024 financial results.

The transaction builds on Moody’s previous 2021 acquisition of RMS and advances Moody’s investments in new analytics and growth in the casualty market.

“As losses from catastrophic events are increasing, insurers are constantly looking for science-based casualty data and analytics. Praedicat’s industry-leading liability modeling enhances our data and analytics capabilities to deliver actionable insights that will help the casualty insurance industry customers navigate the complex risk landscape.” – Rob Fauber, President and Chief Executive Officer of Moody’s.

“Over ten years ago, we started Praedicat with a vision of creating a market for ‘casualty catastrophe’ risks, delivering risk insights and driving growth in casualty insurance and reinsurance. With a great team that has built our award-winning product, and with the support of excellent clients, we launched this vision. The Moody’s acquisition of Praedicat represents the exciting next phase towards its realization.” — Bob Reville, CEO of Praedicat.